Buy gift cards bitcoin paxful reddit

Amazon gift card for bitcoin reddit This is the era of the sharing economy as proved by giants like Uber and Airbnb. However several apps allow gift cards to be purchased with cryptocurrency, luckily for Bitcoin users acting as a p. You can read through our Bitcoin wallet guide to find a wallet.

Gift Cards: What Are These?

Many people bjtcoin useless gift cards in their wallets, here are four safe ways to exchange them for Bitcoin. Disclaimer: The opinion expressed here is not investment advice — it is provided for informational purposes. It does not necessarily reflect the opinion of U. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Well, did you know you could convert them into bitcoin? Here, we tell you how to buy Bitcoin using gift cards! Many buyers of Bitcoins remain uninformed about this avenue even when they have gift cards that they are not using. The great part is that gift cards from almost all retailers work for the exchange. In fact, even Master Card or Visa gift cards will work just as well and allow you to easily buy Bitcoins. LocalBitcoins is one of the most famous Bitcoin peer-to-peer trading platforms. It is based in Finland and has been functional since

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In this post, I am not only going to show you how to buy Bitcoin with gift cards, but I will also walk you through the exchanges where you can do. Unlike in the early years of Bitcoin, it has become remarkably easy to buy this pioneer cryptocurrency ; all thanks to the various exchanges available these days. At the end of this post, you will learn how to buy Bitcoin with gift cards in Nigeria and the exchanges where you can do.

Gift Cards are prepaid debit cards that contain a specific amount of money available to be used for a variety of purchases within particular stores or related businesses. These cards also known as Gift Vouchers are usually given out by organizations, stores, or employers as gifts or rewards for example, HealthPlus gift card, Jumia gift card, Spar gift card. Some of them can be bought too from a gift card shop for example, iTunes gift card, Disney gift card,e. They can also be issued by marketers and retailers as part of a promotion strategy.

This is to entice the recipient to return to the store for more purchases. For example, a gift card issued by Jumia cannot be taken to the bank to cash out the money neither can it be used to purchase on Amazon.

You can only use it to purchase from Jumia. A general feature of these cards is that they are generally anonymous and are disposed of when the value stored on them are exhausted. C ashback marketing strategiesas the name implies, means money paid back to customers in cash after making a purchase; sort of a reward for patronizing a particular retailer.

The money paid back cashback is gotten from a percentage of the amount a customer spends on an item. However, if a company has several different stores, it can issue a card that can be used at any of its affiliated stores. With the growth in the crypto space came the evolution of many exchanges where Bitcoin and other altcoins can be purchased. Some of them specialize in peer-to-peer transactionsothers stick with just providing trading platforms for buyers and sellers while the rest are mainly brokers.

Some even combine the services! The exchanges also provide various payment options for its users. The exchanges that allow its users to buy Bitcoin with gift cards are:. You can watch the 8 mins video or skip to read. There is something to learn from the video and the text. Paxful is a peer-to-peer exchange founded by Ray Youssef in This exchange which supports only Bitcoin is based in the USA and has about 2 million customer base.

This is because the prices are set by the sellers themselves. But when you want to sell Bitcoin, the exchange charges you some percentage for its services. The fees charged vary depending on the method of payment the seller accepts. Here is a —mins video explaining the steps on how to buy Bitcoin with gift cards on Paxful. Your account will be created immediately with your wallet. You can then go ahead and fund your wallet. Also, a link to verify your email is sent to you.

Click on it to verify your account and inputting all the necessary details. On Account Verification, everyone is encouraged to verify their accounts but however, Paxful requires mandatory ID verification for the following:. And for those who choose not to participate, they can continue to use Paxful services but there will be a trade and wallet limit in place for those who have not verified themselves. If at any point, you start feeling uncomfortable with the vendor, please, feel free to cancel the trade.

CoinCola exchange is based in Hong Kong and was founded in In a bid to live out its mission statement that says: Connecting you to the future of financeCoincola has more than payment options which include:. The fees charged by CoinCola can be found on its fees page. Read more: CoinCola Review Before I conclude with this post, I want to leave you with a few tips that will aid ensure a smooth transaction:. The options that I have mentioned above may be few, but you cannot overlook its usefulness because some of us just have these gift cards lying.

Armed with this information, you can go on these exchanges and trade it for Bitcoin, the money for the future. This site uses Akismet to reduce spam. Learn how your comment data is processed. Friend’s Email Address. Your Name. Your Email Address. Generally, we have 2 types of gift cards and both can be used in person or online.

They are:. For example, Gap Inc. Its cards can be used interchangeably at any of its affiliate stores: Gap, Athleta, Old Navy, and the Banana Republic. Since these cards are not reloadable, they are of no further use buy gift cards bitcoin paxful reddit the balance on them is spent. Closed-loop gift cards are mostly offered by many stores as a bonus for signing up and by individuals as gifts for occasions like weddings. Though physical plastic gift cards still dominate the market, there is increased growth in digital cards eGift Cards.

Now that I have explained what Gift Cards are, I will go ahead to list out the exchanges where you can use gift cards to buy Bitcoin in Nigeria. Tweet Pin LinkedIn Email. About Latest Posts. Follow me. Chiamaka Atueyi. Content writer at Nigeria Bitcoin Community.

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How To Buy Gift Cards With Bitcoin [3 EASIEST WAYS] (2019)

With Bitcoin, you can be your own bank. Chapter 5 Scam Warning. Save my name, email, and website in this browser for the next time I comment. This guide will help you buy bitcoins with no verification or How to buy bitcoins electrum windows 10 minergate wont start. Notify me of follow-up comments by email. Almost all Bitcoin wallets rely on Bitcoin Core in one way or. Follow the guidelines in this article and you’ll be able to do the. Check out his other work. Virwox allows users to sell PayPal, buy bitcoins using credit cards. Similar thing happened to me in Perth, Western Australia.